As if there weren't enough to look
forward to from the folks at Cupertino this week, Apple today
released its quarterly earnings after the closing bell and the
results are no less than stellar. Results from fiscal Q1 2010 saw
revenue shoot up to $15.6B while quarterly profits were $3.38B ($3.67
per share) -- these figures compared to $11.88B and $2.26B ($2.50 per
share) respectively from fiscal Q1 2009. Gross margins were also up
to 40.9 percent.

Apple sold 33 percent more Macs
year-over-year during the quarter bringing the total to 3.36 million
units. Apple also saw year-over-year iPhone sales double to 8.7
million units during the quarter -- the only sore spot was an eight
percent year-over-year decline in iPod sales to 21 million units.

Jobs also alluded to the tablet which
Apple is widely expected to announce during an event this Wednesday.
“The new products we are planning to release this year are very
strong, starting this week with a major new product that we’re
really excited about.” added Jobs.

Apple's tablet is expected to feature a
10" screen, include the requisite multi-touch support, and
provide news reading and multimedia-centric features. A recent
report from Flurry Analytics also suggests that the device will
be running a version of the iPhone OS (ver 3.2) instead of the more
full-features desktop variant of OS X.

Another interesting thing to note is
the large increase in iPhone sales compared to the previous year.
Apple has been slowly
lifting the single-carrier exclusivity deals around the world,
which is giving more customers the ability to jump on the iPhone
bandwagon. Apple is widely
expected to drop its exclusivity deal with AT&T this year --
the possibility of an iPhone on Verizon or T-Mobile's network in the
United States could mean another surge in iPhone sales during fiscal
2010 (and another surge in profits for Apple).

Comments

Threshold

Username

Password

remember me

This article is over a month old, voting and posting comments is disabled